Vietnam’s billionaires move up in Hurun Global Rich List

Chairman of Vietnamese private conglomerate Vingroup Pham Nhat Vuong, at US$4.8 billion, moved 252 places to rank 678th in the Hurun Global Rich List 2024.

According to the Shanghai-based Research Institute’s list, other Vietnamese billionaires also moved up the rankings, including Techcombank Chairman Ho Hung Anh (up 833 places to 1,787th with US$2 billion), Chairman of steel maker Hoa Phat Tran Dinh Long (up 466 places to 1,855th with US$1.9 billion), budget carrier Vietjet’s CEO Nguyen Thi Phuong Thao (up 153 places to 2,038th with US$1.7 billion), and Chairman of Truong Hai Auto Tran Ba Duong (up 47 places to 2,573rd with US$1.3 billion).

Tesla CEO Elon Musk held the crown as the world’s richest man with an estimated wealth of about US$231 billion. This was the third time in four years he got the title, propelled by a surge in Tesla’s stock.

Founder of e-commerce giant Amazon Jeff Bezos rose to the second place with US$185 billion as his wealth grew 57% driven by Amazon’s cloud computing winning market share and making up for all his losses last year.

The list ranked 3,279 billionaires from 2,435 companies in 73 countries, up 5% from 3,112 last year.

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